Compare
Lithium Americas Corp. vs MP Materials Corp. vs USA Rare Earth, Inc. vs Ivanhoe Electric Inc.
| Latest fiscal year | Lithium Americas Corp. LAC | MP Materials Corp. MP | USA Rare Earth, Inc. USAR | Ivanhoe Electric Inc. IE |
|---|---|---|---|---|
| Year ended | 2025-12-31 | 2025-12-31 | 2025-12-31 | 2025-12-31 |
| Revenue | n/a | $224.44M | $1.64M | $3.24M |
| Revenue growth (YoY) | n/a | +10.1% | n/a | +11.8% |
| Gross margin | n/a | n/a | 11.9% | 65.3% |
| Operating margin | n/a | -66.6% | n/m | n/m |
| Net margin | n/a | -38.3% | n/m | n/m |
| Net income | -$86.26M | -$85.87M | -$297.56M | -$125.05M |
| EPS (Diluted) | -$0.50 | -$0.50 | -$3.31 | $0.79 |
| Operating cash flow | -$61.22M | -$155.75M | -$48.98M | -$89.20M |
| Free cash flow | -$826.27M | -$328.13M | -$86.34M | -$90.40M |
| Cash & equivalents | $568.23M | $1.17B | $359.93M | $173.26M |
| Total assets | $2.58B | $3.86B | $695.00M | $483.27M |
| Total liabilities | $992.40M | $1.47B | $191.81M | $59.70M |
| Shareholders' equity | $1.06B | $1.98B | $494.29M | $416.11M |
| Return on year-end equity | -8.1% | -4.3% | -60.2% | -30.1% |
| Shares outstanding | 314.33M | 177.36M | 148.06M | 145.50M |
Revenue, most recent five fiscal years
| Fiscal year | Lithium Americas Corp. | MP Materials Corp. | USA Rare Earth, Inc. | Ivanhoe Electric Inc. |
|---|---|---|---|---|
| Latest | n/a | $224.44M Ended 2025-12-31 | $1.64M Ended 2025-12-31 | $3.24M Ended 2025-12-31 |
| 1 year earlier | n/a | $203.85M Ended 2024-12-31 | $0 Ended 2024-12-31 | $2.90M Ended 2024-12-31 |
| 2 years earlier | n/a | $253.44M Ended 2023-12-31 | n/a | $3.90M Ended 2023-12-31 |
| 3 years earlier | n/a | $527.51M Ended 2022-12-31 | n/a | $8.44M Ended 2022-12-31 |
| 4 years earlier | n/a | $331.95M Ended 2021-12-31 | n/a | $4.65M Ended 2021-12-31 |